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The Euro: From Peace Project to Bone of Contention

Hans-Werner Sinn ()

in Books from by Staff of the ifo Institute - Leibniz Institute for Economic Research at the University of Munich

Abstract: The euro was supposed to be more than just a currency from the very beginning: it embodies the desire for unity and peace in Europe. A good decade after its introduction, however, it is causing a deep rift right across Europe. In the South unemployment remains unbearably high and the economy has been brought to its knees. The North, on the other hand, has been forced into the role of paymaster and is being held hostage by the ECB. Dissatisfaction is growing on both sides as a result. We have embarked upon a political path that will endager our market economy, democracy and peace in Europe.

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ifobok:201510

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